Table 1 Summary of relevant literature on the relationship between independent variables and both CO2 emissions and economic growth.
Author | Methodology | Estimation results |
|---|---|---|
Akram et al.21 | Nonlinear panel ARDL | EE shows a significant influence in mitigating CO2 emissions. RE displays a negative correlation with CO2 emissions. GDP contributes to intensifying CO2 emissions in BRICS countries. |
Akram et al.39 | Fixed-effect panel quantile regression (PQR) and panel ordinary least squares | Energy efficiency mitigates CO2 emissions. RE supports declining CO2 emissions. GDP leads to escalating CO2 emissions. |
Akram et al.20 | Nonlinear panel ARDL | EE and RE effectively contribute to reducing CO2 emissions. Economic growth leads to a rise in CO2 emissions. Nuclear energy insignificantly influences CO2 emissions. |
Ponce & Khan1 | FMOLS | EE and RE are negatively interconnected to CO2 emissions. GDP shows a positive connection with CO2. |
Irfan et al.22 | PMG | EE holds a significant positive effect on CO2 emissions. Renewable energy elucidates a statistically significant negative connection with CO2 emissions and economic growth illustrating an insignificant impact on CO2 emissions. |
Cheng et al.37 | POLS and panel quantile regression methods | RE played a role in reducing per capita CO2 emissions. |
Bargaoui35 | Generalized method of moments (GMM) | EE promotes environmental Quality renewable energy displays an insignificant statistical consequence on environmental quality. |
Saqib & Usman6 | Quantile ARDL | Renewable energy contributes to lowering CO2 emissions |
Gyimah et al.36 | Two-stage least squares | RE leads to a surge in carbon emissions. GDP has a statistically insignificant impact on CO2 emissions. |
Usman et al.34 | Augmented mean group (AMG) | Renewable energy helps mitigate environmental degradation. Non-renewable energy deteriorates environmental degradation. Renewable energy and nonrenewable are strongly support economic growth. |
Bayar & Gavriletea11 | AMG | Energy efficiency has a favorable impact on economic growth. Renewable energy has no significant influence on economic growth. |
Kadir et al.12 | Quantile ARDL | Labor, capital, carbon emissions, renewable energy, and energy efficiency are positively linked with the growth of GDP. |
Marinaș et al.23 | PMG | An increase in renewable energy consumption leads to increases in GDP. |
Tariq et al.7 | FMOLS and panel dynamic ordinary least square (DOLS) | Efficiency of energy is inversely associated with greenhouse gas (GHG). |
Xie et al.26 | Method of moments quantile regression | Renewable energy boosts growth |